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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
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    July 31, 2026
    Show AI Summary
    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
    Show AI Summary
    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
    Show AI Summary
    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.

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      HIGHLIGHTS

      July 26, 2025

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      New Delhi, Jul 26 (PTI) Following are the top stories at 9.10 pm: NATION MDS29 TN-PM-OP SINDOOR

      'Make in India' weapons played great role during Op Sindoor in destroying enemy targets: PM Modi Tuticorin: Prime Minister Narendra Modi on Saturday said weapons manufactured under the 'Make in India' initiative played a great role during Operation Sindoor in destroying enemy targets and made enemies lose sleep.

      MDS18 TN-PM

      PM Modi inaugurates, dedicates to nation Rs 4,900 crore worth projects in TN Tuticorin: Prime Minister Narendra Modi on Saturday inaugurated, laid foundation stones and dedicated projects worth Rs Rs 4,900 crore in Tamil Nadu.

      FGN23 PM-MALDIVES-2NDLD MEETINGS

      India looks forward to boosting ties with Maldives, committed to support capacity building: PM Modi Male: India looks forward to deepening its partnership with the Maldives, Prime Minister Narendra Modi said on Saturday, as he met several Maldivian leaders, including Vice President Uz Hussain Mohamed Latheef.

      DEL44 LD VIJAYDIWAS

      India pays tributes to Kargil bravehearts New Delhi: President Droupadi Murmu and Prime Minister Narendra Modi on Saturday led the nation in paying tributes to military personnel who fought valiantly in harsh conditions to hand Pakistan a crushing defeat in the 1999 Kargil conflict.

      DEL35 PAR-SINDOOR

      Lok Sabha to discuss India's Operation Sindoor from Monday New Delhi: The Lok Sabha will take up on Monday a special discussion on India's ‘Operation Sindoor’ that was carried out in response to the terror attack in Pahalgam, after a weeklong virtual washout of Parliament proceedings.

      DEL40 AVI-AIR INDIA-COMPENSATION

      Air India pays interim compensation to families of 166 Ahmedabad crash victims Mumbai: Private carrier Air India on Saturday said it has paid the interim compensation to the families of 166 victims of the Ahmedabad plane crash last month.

      DEL39 NCERT-OPERATION-SINDOOR

      NCERT developing special module on Operation Sindoor for classes 3 to 12: Sources New Delhi: The NCERT is developing a special classroom module on Operation Sindoor to help students learn about India’s defence strategy and diplomatic response, according to sources.

      DEL45 RJ-SCHOOL-MINISTER

      School building collapse: Rajasthan minister accepts moral responsibility, vows to expedite repair work in state Jaipur: Rajasthan School Education Minister Madan Dilawar on Saturday said he accepts moral responsibility for the school building collapse in Jhalawar district and vowed to expedite and closely monitor the repair work on other unsafe buildings.

      DEL36 NHRC-RAJASTHAN-SCHOOL

      NHRC notice to Rajasthan govt over Jhalawar school building collapse New Delhi: The NHRC on Saturday said it has issued notices to the Rajasthan government and the superintendent of police of Jhalawar in the wake of collapse of a government school building in the district resulting in the death of seven students and injuries to several others.

      DEL33 CONG-LD DHANKHAR

      Cong says Dhankhar's ouster a 'political exit camouflaged as constitutional lie, accuses govt of doing 'petty politics' New Delhi: The Congress on Saturday described ex-vice president Jagdeep Dhankhar's ouster as a "political exit camouflaged as a constitutional lie", as it accused the government of indulging in "petty politics" by not admitting the Opposition's motion against Justice Yashwant Varma in Rajya Sabha.

      DEL30 MOE-SCHOOLS-LD SAFETY-AUDIT

      Mandatory to conduct safety audit in schools: Govt tells states, UTs New Delhi: The Ministry of Education has issued a directive to all states and Union territories mandating them to conduct audits of safety mechanisms and facilities for children in schools, officials said on Saturday.

      BOM21 GJ-RAHUL-BRIDGE COLLAPSE-KIN

      Gujarat: Mahisagar bridge collapse victims' kin meet Rahul to seek 'justice'; he assures help Anand (Gujarat): The family members of some of the victims of the Mahisagar river bridge collapse incident, which claimed 20 lives in Gujarat earlier this month, on Saturday met Congress MP Rahul Gandhi here to seek "justice", and the leader assured to help them.

      BOM20 MH-LANGUAGE-STUDENT-ASSAULT

      Student assaulted for insisting on reply in Marathi in WhatsApp group; four classmates booked Mumbai: Four students have been booked, one among them arrested, for allegedly assaulting a classmate in Navi Mumbai after he insisted on communication in Marathi in their WhatsApp group, an official said on Saturday.

      CAL34 WB-TMC-LEADER-MURDER

      Bengal: TMC leader dies days after brutal attack in Murshidabad; family blames BJP Kolkata: A TMC leader, injured in a brutal attack by unidentified assailants in West Bengal's Murshidabad district, succumbed to his injuries on Saturday morning, police said.

      CAL26 BH-2NDLD GANG RAPE

      Bihar: Woman alleges gang rape in ambulance after fainting during govt recruitment exam Gayaji: A woman in Bihar alleged that she was gang-raped inside an ambulance which drove her to a hospital after she fainted during a government recruitment test, police said on Saturday.

      BUSINESS DEL42 BIZ-FM-GROWTH

      Maintaining sustained growth top priority, says FM Sitharaman New Delhi: Maintaining sustained growth is the top priority amid global uncertainties, and an incremental rise in public capital expenditure is one of the drivers for economic development, Finance Minister Nirmala Sitharaman said on Saturday.

      LEGAL LGD10 DL-COURT-RIOTS-ACQUITTAL

      2020 Delhi riots: Court acquits 6 accused of arson, robbery New Delhi: A Delhi court has acquitted six persons in a case related to the 2020 northeast Delhi riots, saying the prosecution has completely failed to prove its case against them.

      LGD9 SC-VARMA

      Cash discovery row: SC to hear Justice Yashwant Varma's plea on July 28 New Delhi: The Supreme Court is scheduled to hear on Monday Allahabad High Court judge Yashwant Varma's plea seeking invalidation of a report by an in-house inquiry panel which found him guilty of misconduct in the cash discovery row.

      LGD8 SC-BIHAR-ELECTORAL ROLL

      Exclusion of Aadhaar, ration cards in SIR 'patently absurd': Petitioner NGO to SC New Delhi: NGO Association for Democratic Reforms has told the Supreme Court that the exclusion of Aadhaar and ration cards from the list of acceptable documents in Special Intensive Revision (SIR) of Bihar's electoral rolls is "patently absurd" and that the Election Commission has given no valid reason for its decision.

      LGD7 NIA-TN-RADICALISATION

      NIA chargesheets ISIS-linked key accused involved in radicalising Muslim youths in Tamil Nadu New Delhi: The National Investigation Agency (NIA) has chargesheeted a key accused linked to terror outfit ISIS for alleged involvement in radicalising Muslim youth in Tamil Nadu, officials said on Saturday.

      LGD6 UKD-HC-ADM-HINDI

      ADM responds in Hindi: Uttarakhand HC asks if person who can't speak English control executive position Nainital: The Uttarakhand High Court has asked two top officials of the state to find out whether an officer who has no knowledge of English can effectively control an executive position after an additional district magistrate responded in Hindi during the hearing of a PIL.

      FOREIGN FGN25 PM-MALDIVES-2NDLD DAY

      India remains committed to support aspirations of Maldivian people: PM Modi Male: Prime Minister Narendra Modi on Saturday graced the 60th Independence Day celebrations of the Maldives as the guest of honour, signalling a renewed momentum in bilateral ties after a spell of unease.

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